BTC elliot wave analysis (corrective wave C initiation)
Ladies and Gents,
After completing a full impulse wave 1, we are now moving into a healthy ABC corrective wave retracement.
FIB extension of corrective A wave used to measure where we are likely to descend to on wave C completion.. aligns with previous resistance trend line marked in blue. Green box = Buy zone (.5 to .618 FIB retracement are top and bottom of box)
Happy Trading.
Freshfray
After completing a full impulse wave 1, we are now moving into a healthy ABC corrective wave retracement.
FIB extension of corrective A wave used to measure where we are likely to descend to on wave C completion.. aligns with previous resistance trend line marked in blue. Green box = Buy zone (.5 to .618 FIB retracement are top and bottom of box)
Happy Trading.
Freshfray
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